Vancouver’s cannabis store licences to cost 331 times more than Kimberley’s

December 10, 2018

Glen Korstrom / Business in Vancouver

DECEMBER 10, 2018 09:15 AM

“There’s a lot of merit to being in a smaller market,” said SpiritLeaf CEO Darren Bondar. “It’s not just the lower business licence fees, but rent, and generally it’s less expensive. If you look at the history of alcohol, often it’s stores in the smaller municipalities that are more profitable than the higher-profile stores in the big city.”

Bondar plans to open eight stores across B.C. by the end of next year, including one in Vancouver.